What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Open vs Close

Score

-2.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 105 3.7 0.25% 0.30% 2.5% -2.0% -110.9%
SHORT 103 5.3 0.36% 0.52% 3.0% -2.3% -51.2%

Summary

Technical Analysis


The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;


PROFILE: Maca (MLD.AX)


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Top 10:

Open vs Close

Download
Company Close Change(%) Volume Value Signal
RKN Reckon 0.76 13.4 127,825 1 BULLISH
PGC Paragon Care 0.29 9.6 1,528,576 1 BULLISH
LNG Liquefied Natural Gas 0.12 9.1 340,710 1 BULLISH
IMD Imdex 1.64 8.3 5,288,860 1 BULLISH
EWC Energy World Corporation 0.08 7.9 866,274 1 BULLISH
MCY Mighty River Power 5.44 7.7 6,292 1 BULLISH
OSP Osprey Medical 0.02 6.3 143,313 1 BULLISH
MAQ Macquarie Telecom 28.5 6.1 4,846 1 BULLISH
RUL Runge 1.14 5.6 1,318,971 1 BULLISH
AMP AMP 1.99 5.3 27,594,274 1 BULLISH